1998 (10) TMI 179

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.... for the Respondent. [Order per : Justice U.L. Bhat, President].- Appellant, engaged in the manufacture of machines falling under Chapter Headings 8460 and 8466 was receiving advances from some of the customers. Appellant was filing price lists based on specific contracts and was clearing the goods on payment of excise duty on approved prices. In respect of the period from May 1992 to August 19....

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.... had resulted in depressing the prices to any extent. The appellant explained that no advance amounts were being taken from old and established customers, advance amounts were sometimes being taken from new customers and that too, depending upon the variety of machines they required. Annexure I of the additional paperbook submitted by the appellant refers to 8 transactions during the period in que....